Congress Needs to Address U.S. Housing Affordability Issues, Says NAHB

WORLD PROPERTY JOURNAL | June 04, 2019

As the National Association of Home Builders celebrate National Homeownership Month in June 2019, U.S. home builders are urging Congress to address America's housing affordability challenges. "Removing regulatory barriers that contribute to the increased costs of housing will pave the way to homeownership," said National Association of Home Builders (NAHB) Chairman Greg Ugalde, a builder and developer from Torrington, Conn. "Home builders and the residential construction community are committed to working with Congress to ensure homeownership is within reach of hard working families." Rising costs from excessive regulation, a shortage of construction workers, tariffs on $10 billion worth of building materials, and housing finance concerns have detrimental effects on housing affordability. NAHB analysis shows that regulatory requirements alone account for 25 percent of the price of a single-family home, and 30 percent of the cost of a multifamily development.

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

Related News

REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

RESAAS Enters into Partnership with Rocket Mortgage Canada

PRnewswire | April 20, 2023

RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rocket Mortgage Canada. Rocket Mortgage Canada is a digital mortgage broker, using technology to deliver a revolutionized mortgage process. The partnership introduces a unique way for real estate agents to add value to clients by offering access to a simplified mortgage process through Rocket Mortgage Canada. "Exclusive real estate data gathered by RESAAS shows real estate agents generate higher referral fees when referring clients that are pre-approved for a mortgage," said Tom Rossiter, CEO of RESAAS. "RESAAS has selected Rocket Mortgage Canada because its digital experience is complimentary with RESAAS's technology-forward solution. Our goal is simple: to enable RESAAS agents to pre-qualify their clients quickly for the best mortgage products and lowest rates available." "As a fintech company, Rocket Mortgage Canada understands the value of a digital experience to help simplify the mortgage process for both clients and their real estate agents," said Hash Aboulhosn, President of Rocket Mortgage Canada. "That's why this partnership with RESAAS makes sense – their technology for the real estate professional provides yet another digital touchpoint on our way toward fully digitizing the mortgage process." Under the terms of the one-year agreement signed on March 1, 2023, Rocket Mortgage Canada and RESAAS will share the revenue generated via the partnership from all new mortgages, mortgage renewals and refinances. About Rocket Mortgage Canada Rocket Mortgage Canada is a digital mortgage broker and a part of Rocket Companies (NYSE: RKT). Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, LLC, one of the largest mortgage lenders in the U.S. Founded in 2020, Rocket Mortgage Canada aims to transform and modernize the mortgage experience in Canada by providing a streamlined process for individuals looking to purchase a home or refinance their mortgage. Rocket Mortgage Canada's mortgage agents aim to deliver the highest level of client service. For more information, or to apply for a mortgage, visit RocketMortgage.ca. About RESAAS Services Inc. RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit https://www.resaas.com.

Read More

REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

ProprHome Launches Partnership with Metaverse Company to Offer Digital Twin Real Estate Viewings

Globenewswire | April 25, 2023

ProprHome, a Portugal-based blockchain-powered real estate marketplace, has announced an exclusive partnership with a US-based metaverse company, Odyssey. Together, they will provide a metaverse solution that enables customers to view properties immersively. With this partnership, ProprHome aims to provide a more trusted and convenient real estate experience, building on its mission to offer property developers, owners, and agents a new way to earn trust and credibility in every sales interaction. ProprHome is focused on personal brand building and accountability, enabled by the fact its platform is developed on XRP Ledger. The company is currently operating in Lisbon, where it has created a digital twin of the city. Through its partnership with Odyssey, ProprHome is now offering digital twin design services to real estate developers to enhance their sales process off-plan, or under construction developments. Within the platform, each stakeholder, including customers, can view the property in an immersive way, and in some cases fully customize the interior. The platform also offers you your very own non-custodial wallet, which is embedded in the site. This wallet enables customers to add their credit cards, bank details, or even purchase via XRP, its supported cryptocurrency. Once the customers like the property, they can reserve it by making a reservation payment. This feature benefits developers, by offering them a faster way to process new sales, as the first 24-48 hours of a development launch are often highly active. With this immersive experience, developers can sell the majority of their off-plan stock four to five times faster than with traditional methods. The technology also allows customers to truly view properties from anywhere in the world. With a representative view from different levels and floors, customers can see the apartment's orientation, and even the amount of daylight and shadows it might receive thanks to the Unreal Engine technology that powers the platform. ProprHome's ultimate goal is to provide an end-to-end marketplace solution for the industry. The company has a six-stage roadmap, and is already delivering on three stages: developing a rewards-driven platform, payment rails and NFT utility. Stage four is now focused on metaverse integration and immersive experiences, with stage five to follow; integrating secure document management. According to the CEO of ProprHome, "Our core business is a marketplace that's inclusive for everyone. We promote real estate agents, property developers, and direct owners to advertise on our platform. This partnership is a significant step toward the future of the real estate search and discovery experience, and we believe the solution we provide will greatly enhance how many people enter the market. By creating digital twins of cities, and properties, it enables developers to secure sales faster, and for customers to have more visibility. This partnership will undoubtedly transform the real estate industry and pave the way for a more seamless and convenient future to property search and discovery." AboutProprHome ProprHome is a property marketplace developed on XRP Ledger that offers real estate agents, property developers and owners a new way to earn trust and credibility in each sales interaction. Focused on personal brand building and accountability, ProprHome's goal is to enable a more trusted real estate experience making the process easy and convenient for everyone.

Read More

REAL ESTATE INVESTMENT, BUYING/SELLING

Rent. Group, Inc. Greatly Expands the Reach of Its Client Listings to 350M+ Monthly Visits with New Strategic Agreement with Realtor.com®

Businesswire | April 10, 2023

Rent., a leading provider of integrated marketing solutions to the multifamily and single-family rentals industry, and Realtor.com®, today announced a rental content listing distribution agreement. RentMarketplace. listings now will be distributed to the large Realtor.com® audience in addition to the current exposure on the Rent. family of sites: Rent.com, ApartmentGuide.com, Rentals.com and Redfin.com. A first in the industry, RentMarketplace. is the only listing network providing multi-family properties access to two of the nation’s largest real estate listing sites: Redfin.com and Realtor.com®. “At Rent., we are committed to simplifying the rental experience by connecting the right people with the right properties. In teaming up with Realtor.com®, we have significantly expanded the reach of our clients’ listings,” said Jon Ziglar, CEO of Rent. “RentMarketplace. is the only multi-family listing network to cover two of the largest real estate networks in the country, which brings incredible value to our partners and makes it easier for properties to connect with their next renter.” The rental listing data provided by Rent. complements Realtor.com®’s current rental content derived from direct relationships with single-family and low-rise rental owners, residential property management companies, and multiple listing services nationwide. The addition of the listing data from Rent. provides a more comprehensive experience for people looking for a home or apartment to rent. Laurence Jankelow, Realtor.com®’s Vice President of Rentals added: “As we continue to invest in and grow Realtor.com®’s open rentals marketplace, we are excited to work with new content partners of all shapes and sizes that allow us to create a better consumer experience for renters on our site. Millions of consumers search Realtor.com® each month for their next home or apartment, and as we continue to expand our audience and listings content to include the widest selection of quality rentals and more choices than ever before, we are helping drive greater results for our partners.” With this agreement to expand content to the Realtor.com® audience, active subscription client property listings on Rent., which represent a subset of total inventory, will now receive access to over 350 million visits each month, vastly expanding their reach and exposure to potential renters, increasing leads and filling more vacancies. About Rent. Rent. is a two-sided marketing platform that simplifies the entire renter experience by matching the right property with the right renter, at the right time. Rent. services the property side of the market with scaled marketing solutions such as search engine marketing, lead nurturing through chat bots and client automation tools, and reputation management through ratings and reviews as well as social media monitoring and marketing. This, paired with advanced search filtering and an optimized consumer app and site experience, enables Rent. to offer renters an ideal home-finding experience. Rent. exists to help people find the perfect place. Rent. is operated by Rent Group Inc., a subsidiary of Redfin Corporation. About Realtor.com® Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.

Read More